Compute the standard cost per finished unit for the normal or expected standards and for the ideal standards. Explain how both normal and ideal standards would be used by managers.

Normal or Expected Standards Direct materials quantity per unit . . . . .. . . 2.4 lbs. per unit Direct materials price per pound $10 per lb. Direct labor hours per unit._. .. . . . .. . . . . . . 4 Direct labor rate per hour . . . . . . $17 per hour 2 lbs. per unit $9.50 per lb. 3.5 hours per unit $16 per hour hours per unit